General Car Buying Information

Buying A New Car A new car is second only to a home as the most expensive purchase many consumers make. According to the National Automobile Dealers Association, the average price of a new car soldÂ in the United States as of June 1998 was $23,480. That’s why it’s important to know how to make a smart deal.

Tips For Buying a Used Car A disclosure document that gives consumers important purchasing and warranty information, the Buyers Guide tells consumers:

Auto Service Contracts Buying a car? You also may be encouraged to buy an auto service contract to help protect against unexpected, costly repairs. While it may sound like a good idea, don’t buy in untilÂ you understand both the terms of the contract and who is responsible for providing the coverage.

The Federal Trade Commission’s Advice to Dealers Regarding the Used Car Rule Most car dealers who sell used vehicles must comply with the Federal Trade Commission’s (FTC) Used Car Rule. In fact, car dealers who sell more than five used vehicles in a 12-month period must comply with the Rule. Banks and financial institutions are exempt from the Rule, as are businesses that sell vehicles to their employees, and leasers who sell a leased vehicle to a lessee, an employee of the lessee, or a buyer found by the lessee.

Leasing vs. Buying Different viewpoints and information on the differences between purchase a new car and leasing it for a fixed term

Bad Credit Articles

Understanding Your Credit Score Ever wonder how a creditor decides whether to grant you credit? For years, creditors have been using credit scoring systems to determine if you’d be a good risk for credit cards and auto loans.

How Can You Avoid Bankruptcy Financial problems, from high credit card debt to a bad credit rating aren’t necessarily the result of poor money management. Sometimes financial situations beyond our control

Credit fuels bankruptcies New poll shows job loss, pay cuts also contributed to record personal filingsSuffocating credit card debt, a job loss or a pay cut were the top reasons people declared bankruptcy last year, according to a new poll.

Life after bankruptcy Road to financial recovery is long but navigable, if you explore your options Let’s face it, Americans could use a refresher course when it comes to money management.

Money troubles start young Bankruptcies filed by people under age 25 soared almost 100 percent nationwide from 1991 to 1999. And by graduation day, nearly 10 percent of college students have saddled themselves with at least $7,000 in credit card debt.